The automated insult dog angle has more hope. You could sell it to Mattel and they could make a doll.
It's a structure, right? Clearly you're applying them neutral or near neutral to the forward strike and the sht you're trading is trading away. There is no such thing as neutrality. You have to be able to forecast vol or price (or both). Either will probably do. Randomly shorting an iron is worse than random with paying NBBO and comms, right? So don't do it.
Thank you sir, for the coaching. Let me take a look there. I trade thinly traded names because I think I have an edge there. But no free lunches either over there, I get rewards from big underlying moves where 5% off mid does not matter, for single legs.
What edge? If it's on the name then trade the shares because you don't have an edge in vol in the name. I monitor microstructure on tick data and I am trading the most liquid names in the world and there is always edge loss. You have no chance trading three/four legs in illiquid names. It's suicide. Dec skew is extreme and as a result I am neutral here, but that's skew capture. You should not be neutral D when trading share-vol.